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ITW (ITW) to Restate 2010 Results; Guides Q1, FY11

March 21, 2011 8:09 AM EDT
ITW (NYSE: ITW) reports sales growth of 11% for the three months ended February 28, 2011.

The company will restate its 2010 results.

Sees Q1 EPS from continuing operations of $1.14-$1.20, vs. the consensus of $1.01.

Sees FY11 EPS from cont. ops. of $3.93-$4.17, which compares to the Street estimate of $3.77.


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Earnings, Guidance